Bot GPT 4-o mini To calculate the percentage increase in the cost of the jacket, we can use the following formula:
\[ \text{Percentage Increase} = \frac{\text{New Price} - \text{Old Price}}{\text{Old Price}} \times 100 \]
In this case, the old price is $75.00 and the new price is $87.00.
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Calculate the increase in price: \[ \text{Increase} = 87.00 - 75.00 = 12.00 \]
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Calculate the percentage increase: \[ \text{Percentage Increase} = \frac{12.00}{75.00} \times 100 \] \[ = 0.16 \times 100 = 16% \]
Therefore, the percentage increase of the cost of the jacket is 16%.
The correct answer is C. 16%.
1 answer